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  How Much Financial Risk Are You in After a Car Accident?

 

Have you ever wondered how much risk you are at financially following a car accident?  California car accident judgments can be very interesting.  Even a driver who appears to have primary fault may only be judged to have a percentage fault.  You might discover the driver who caused the accident you were in to only be found 40 or 50% at fault and you are blamed for a smaller percentage of fault with other factors found at fault also.

What does this mean to your financial security?  It means even in a situation you expect to have limited fault you could suddenly find yourself faced with a personal injury claim from another party in the accident.  You could end up with a judgment handed down which requires you to pay out damages resulting in a lien on your home or other personal property.

Suddenly you find yourself in a situation where you financial well being is at risk.  Your credit report suddenly shows a lien against your home and you have no idea where you are going to come up with the money.  This is one of the reasons you should always consider consulting with a car accident lawyer about your case.  He can help you understand your potential risk and help you discover is you should be seeking damages from another person at the same time.

The biggest danger to your financial security is hoping everything will be alright.  It just takes one person who decides to take aggressive action on you believing you will not defend yourself and you can be in serious trouble.

Even in a case where 100% responsibility is laid on the other driver due to alcohol being involved does not mean you should relax.  If you have damages you want to claim it is best to make sure it happens quickly, definitely within the first year.  You have only one year to make a claim against insurance by California law which includes the other drivers insurance, too.  By sitting down with a car accident lawyer you can make sure you start all the right paperwork and claims and do not risk losing on payments you should receive.

Even after the one year elapses there is still the chance for damages to be claimed directly against you. If you read the newspaper closely you will notice many lawsuits and personal injury judgments being handed down for accidents which occurred one, two, and three years ago.  The small cost of a consultation with a car accident lawyer pales when compared to the cost of lost payment for damages or if you were to be sued for personal injury damages.  Protect yourself immediately to reduce your exposure to risk.

You home, savings, and personal property are too valuable to risk by taking chances.  If you suspect another party in an accident may take any type of action make the call today.  You will be glad you did.

 

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